P resident Donald Trump said the U.S. was “getting very close” to a deal with China, while also threatening to impose higher tariffs on the European Union as he gave several trade updates early Tuesday. Trump said the U.S. was “getting along very well” with Beijing and that a deal was close, in an interview with CNBC.

President Donald Trump last month announced a trade deal with the EU that included 15% tariffs on most European goods to the U.S.

Pro-trade groups won’t take President Donald Trump's love for tariffs at face value, as they gear up for another round of outreach aimed at securing relief.

President Donald Trump’s extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on.